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Category Archives: Financial System

Congress passed $900 billion coronavirus relief bill

Axios – “The House on Monday released the text of a $900 billion coronavirus relief package and $1.4 trillion government spending bill that Congress expects to pass before the holidays. The House will move quickly to pass the bill on Monday night, with the Senate likely to stay late to vote in the early hours… Continue Reading

IMF – Your Credit Score Should Be Based on Your Web History

Gizmodo: “With more services than ever collecting your data, it’s easy to start asking why anyone should care about most of it. This is why. Because people start having ideas like this. In a new blog post for the International Monetary Fund, four researchers presented their findings from a working paper that examines the current… Continue Reading

What Restaurants and Maps Can Tell us About Billions of Dollars of Covid-19 Relief Funds

bellingcat: “In the wake of the first wave of coronavirus and subsequent lockdowns in early 2020, governments around the world scrambled funds to support furloughed workers and keep businesses afloat. These programs distributed a huge amount of money and succeeded in many of their goals. Not only that, they did so in rapid time. However,… Continue Reading

The Antitrust Case Against Big Tech, Shaped by Tech Industry Exiles

The New York Times – “Regulators are relying on insiders like Dina Srinivasan, who left her digital ad job after concluding that “Facebook and Google were going to win and everybody else is going to lose…With no background in academia but an insider’s understanding of the digital ad world and a stack of economics books,… Continue Reading

As Trump Leaves the White House, His Imprint on the Judiciary Deepens

The New York Times – “As Democrats look to the incoming Biden administration to reverse much of President Trump’s work, the conservative imprint he has left on the federal courts is only deepening. Much attention in recent months has focused on the Supreme Court and its newly appointed justice, Amy Coney Barrett. But an analysis… Continue Reading

Tracking Federal Awards: USAspending.gov and Other Data Sources

CRS report via LC – Tracking Federal Awards: USAspending.gov and Other Data Sources, Updated December 16, 2020: “USAspending.gov, available at https://www.USAspending.gov, is a government source for data on federal awards by state, congressional district (CD), county, city, and zip code. The awards data in USAspending.gov are provided by federal agencies and represent contracts, grants, loans,… Continue Reading

Individual Retirement Account Ownership: Data and Policy Issues

CRS report via LC – Individual Retirement Account (IRA) Ownership: Data and Policy Issues December 9, 2020 (51 pages) “…Congress has provided various tax incentives to encourage individuals to save for retirement. Tax incentives exist for employers to offer retirement plans and for employees to participate in these plans, as well as for individuals to… Continue Reading

Why Do Banks Share Your Financial Information and Are They Allowed To?

GAO WatchBlog  – In a word: yes. If you’ve ever applied for a loan, you know that banks and credit unions collect a lot of personal financial information from you, such as your income and credit history. And it’s not uncommon for lenders to then share your information with other vendors, such as insurance companies… Continue Reading

A Political Obituary for Donald Trump

The Atlantic –  The effects of his reign will linger. But democracy survived. “To assess the legacy of Donald Trump’s presidency, start by quantifying it. Since last February, more than a quarter of a million Americans have died from COVID-19—a fifth of the world’s deaths from the disease, the highest number of any country. In… Continue Reading